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Are you spending more time on the accounting part of your business rather than growing it? Find out how Freshbooks can help you.

What You Need To Know About Freshbooks Accounting

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Have you heard about the great things that Freshbooks Accounting can do for you?

But before we dive into the nitty-gritty of Freshbooks, let us take a look at what small business accountants and bookkeepers think about software accounting. A recent study was conducted over 300 North-American respondents and you can find the results below.

Infographic: Small Business Accountant Survey 2019

As you can see on the data, most accountants and bookkeepers think that it is typical for small business owners to make mistakes when using software accounting. In this study, the majority of the respondents were identified to be using use QuickBooks Desktop or QuickBooks Online.

Now let’ take a look at how Freshbooks is not your typical accounting software and how it sets itself apart from other accounting software.

If you have been running your own business for a while or you are planning to open up a business, you might probably know or read about the accounting headaches that come with it.

As a result, you might have already researched and researched more for ways to make it better.

Today, I will talk about a tool that will help lessen the burden that accounting is causing you. A tool that can make you focus more on your business and less on accounting stuff.

Enter Freshbooks accounting.

What is Freshbooks Accounting?

Freshbooks is a cloud-based accounting software that manages professional invoice, expenses, tracking, payroll and more.

It was founded by Mike McDerment in January 2003 from his parents’ basement. Ever since then, it continued to grow and was able to help over 24 million people.

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Who is Freshbooks Accounting Perfect for?

Freshbooks is the accounting solution not only perfect for those who are self-employed but also for agencies, firms, and consultancies.

How to get started with Freshbooks

It is so easy to get started with Freshbooks accounting. Freshbooks offers a free trial to get to know the system. Don’t worry they won’t ask for your credit card.

What are the uses of Freshbooks Accounting

  • Organizes all clients information
  • Generates a not-your-typical invoice, it’s very professional looking
  • Tracks and organize all your expenses
  • Tracks time of employees
  • Organizes all your projects
  • Provides you with accounting reports
  • …and so much more

A Sneak Peak on How To Use Freshbooks


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If you haven’t noticed yet, using Freshbooks is so simple. I don’t know about you but I love the layout, it is not boring. It makes you want to do accounting all day!

The Last Thing You Need to Know about Freshbooks

My favorite thing about Freshbooks accounting is the way it is set up. It is set up in a way that anybody can use it, especially those who are not tech-savvy.

It has so many features that make accounting easy for you. You will finally be able to spend less time on the accounting part and focus more on your business.

And just recently, Freshbooks has released their all-new ACH Payment system. This new system enables simple online payments for users.

ACH stands for Automated Clearing House. Before ACH time, transactions between financial institutions are done through paper, like checks or through credit/debit card. This process takes more time and costs more between the two parties.

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That’s when ACH came about. With this process, funds are automatically moving from one account to the other, saving time and money.

With customer satisfaction in mind, Freshbooks decided to jump into the bandwagon and made ACH as their newest feature.

Some of the benefits of ACH includes:

  • Funds are automatically deposited into your bank account and marked as paid in FreshBooks.
  • ACH is faster and more convenient than checks for both you and your clients.
  • ACH is less expensive than other online payments thanks to the small 1% transaction fee.

The only downside is that the ACH is only available to US customers. But I am sure, Freshbooks will take care of this pretty soon.

Newest Features

One of the newest and my favorite feature of Freshbooks is their Retainers. Retainers will allow you to bill your client a fixed amount for a set amount of hours worked, for example, $1000 for 15 hours. The best thing about it is it tracks your hours and you can easily bill for overtime at the end of the month.

With this new feature, you will be able to run your business professionally without the awkward conversation of collecting payments. As a result, you will be more focused on your projects and not worry about billing.

As with the other features of Freshbooks, Retainers is so easy to create, set up and access.

So if you have been struggling with payments using other methods, now is the time to try out Freshbooks.

Freshbooks has helped so many and it can help you too. Take advantage of their free trial to find out if Freshbooks is for you.

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Are you spending more time on the accounting part of your business rather than growing it? Find out how Freshbooks can help you.

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17 thoughts on “What You Need To Know About Freshbooks Accounting”

    1. I haven’t heard of WaveApps yet but it sounds interesting. I would say that some of the biggest benefits of FB are its ease of use and their customer service 😊

  1. Very informative post!! I haven’t heard of Freshbook but sounds like a great software to manage my work. I’m definitely going to give this a try!!

  2. This is a perfect idea for those who are into business and would like to look into the idea of bringing them ease in terms of accounting.

    I have one question. What if the business is purely offline, is it still worth using Freshbooks? I read you mentioned about payroll.

    Thank you for sharing.

    1. Even though your business is purely offline, it is still worth looking into it. Freshbooks does not have built-in software for payroll but it has integration with payroll systems like Gusto that can take care of that.

  3. Great tutorial! I’m not to this point yet (still working up to it) but I’m booking this page for when I get there. Thanks so much for being so thorough…so helpful. 😊

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